Your Questions About Investing In Silver

Where is a good site to easily sell silver bullion coins?

I am looking to invest insilver and I’m looking to find out the best way to sell once I start buying. Any help would be much appreciated! 🙂
Also, I’m looking to only sell several coins at a time but APMEX has a minimum transaction of $1000 rule. Is there anywhere where I can only sell a few coins at a time?

Justin answers:

Online, Apmex will gladly buy your silver from you at fantastic rates.

Offline, you can sell to a local coin shop or pawn shop, but make sure you don’t give them more than a 10% premium from spot price, some will try to rip you off.

George asks…

How do you invest in shorts?

Im 17 and I have already started investinginsilver. I started buying it when silver was at 27 dollars an ounce so I’ve already made quite a bit of money. When I’m 18 im planning on getting a brokers account. But I dont really get the concept of investing on shorts, I know it has something to do with betting on if the stock is gonna go up or down but I’m not sure

Justin answers:

You borrow a share from your broker for a fee and you sell it. You either continue paying your broker or you buy a share later to cover your position. If the stock price goes down between selling it and buying it back, you make money, if not, you lose money.

Robert asks…

What is the price of silver at right now?

Is there a website that displays live prices? Also, is now a good time to invest insilver?

Justin answers:

You can check out live silver prices here:
http://www.kitco.com/charts/livesilver.html

Silver prices have been hovering around $38.00 to $40.00 an ounce for a couple of weeks now. Current price is around $39.40.

Chris asks…

what is the best form of SIlver to buy for the purpose of investment?

I it safe to invest inSilver?

Justin answers:

Forget the physical metal. Buy the silver ETF, SLV. This is hassle-free.